Protests Continue In Bulgaria Over Taxes & Fuel Prices

Thousands of Bulgarians blocked major highways and roads in the Balkan country on Sunday in protest at higher fuel prices, tax increases for older, more polluting cars and an expected increase in car insurance premiums.

Over 2,000 people waving national flags marched in central Sofia chanting “Mafia” and “Rubbish”, frustrated with the rising costs of living in the European Union’s poorest country.

Protests were also held in over 20 Bulgarian cities, with dozens of drivers blockading roads, including the one leading to Greece, for hours. Some demanded the resignation of the center-right coalition government of Prime Minister Boyko Borissov.

Fuel prices have risen in the past month following a spike in global oil prices. In an attempt to ease discontent the anti-monopoly regulator has said it would look at the fuel sector to see if there are any breaches of competition rules.

The government’s decision to increase the tax on older and more polluting cars from 2019 has angered many in a country where the average monthly salary is 575 euros, among the lowest in the European Union.

The opposition Socialists have condemned the move, which they say will hit over 2 million cars, owned by the poorest people in a country of 7 million.

Read More

A1 To Launch Their Second Smartphone

A1 launches sales of its second smartphone on the Bulgarian market - A1 Alpha. The model is distinguished by its elegant design and excellent features that position...

Bulgaria Is Having A Hard Time Attracting Funding For Science

Bulgaria is among the countries in the European Union (EU) with the least number of projects and grant funding under the Horizon...

VOSS Automotive Opens New Factory Plant In Bulgaria

German automotive components manufacturer VOSS Automotive said on Tuesday that it will inaugurate its first production plant in Bulgaria on September 26.

Recent

Fitch Raises Bulgarian Credit Rating

Fitch Ratings raised the outlook for Bulgaria's long-term credit rating from stable to positive, the Finance Ministry said. "The...

EIG Challenges Credit Agricoles Life’s Acquisition

Bulgaria's Euroins Insurance Group (EIG) said on Thursday it finds the Greek central bank's ban on the group's proposed acquisition of Athens-based Credit...

Bulgarian Security Council Called Due To Attacks In New Zealand & Netherlands

The Security Council at the Council of Ministers met today at an extraordinary meeting at the request of Prime Minister Boyko Borisov....